Question
You have a dream of taking a 24 day cruise of the Mediteranean on a luxury cruise line. You think the cost will be $6,000
You have a dream of taking a 24 day cruise of the Mediteranean on a luxury cruise line. You think the cost will be $6,000 plus another $3,000 for expenses.If you put away $180 a month in an account earning 4% interest, how many months will it take you to save up for your dream?
This is a time value of money question. If you can show the step by step, please. Thank you.
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
